2026 Questions, Answers & Detailed
Explanations
Broker Zeke is busy and doesn't have time to go to the bank, so
he deposits his client's earnest money funds into his personal
account. He plans to move the funds to the appropriate
account within a week. This violation is an example of ______.
a. Commingling
b. Contractural Interference
c. Failure to disclose an agency relationship
d. Performing services that would qualify as practice of law -
✔✔ANSWER ✔✔-a. Commingling
Which regulation sets forth the Virginia Real Estate Board's
licensing regulations?
,a. Code of Virginia Title 53, Chapter 20
b. Real Estate Settlement Agents Act
c. Sherman Act
d. Virginia Administrative Code Title 18, Agency 135, Chapter 20
- ✔✔ANSWER ✔✔-d. Virginia Administrative Code Title 18,
Agency 135, Chapter 20
Karen just received her real estate license in Virginia. She must
take post-licensing education this year and then she can renew
her license next year. What type of license does Karen have?
a. Associate broker
b. Broker
c. Managing broker
d. Salesperson - ✔✔ANSWER ✔✔-d. Salesperson
Which of the following is NOT an example of a
misrepresentation or omission?
a. Kari knows that the low rent she's advertising for some new
apartments is too good to be
,true, but she advertises it anyway.
b. Katherine's ad for her newly-renovated home states, "new
from the studs up." Her
carpenter has a different story.
c. Kevin's MLS remarks note that the condo has the city's "most
beautiful twilight view of
downtown and the bay."
d. Kim notes that the property is next to a "serene, peaceful
green space." It's next to an
industrial park. - ✔✔ANSWER ✔✔-c. Kevin's MLS remarks note
that the condo has the city's "most beautiful twilight view of
downtown and the bay."
John is 18 and he wants to be a real estate broker in Virginia.
He is ready to complete the 180 hours of required real estate
licensing coursework. Is there anything that might prevent him
from doing this?
a. No - you go, John!
b. Yes - he must be at least 19 years old.
c. Yes - he must have at least three years of experience as a
Virginia salesperson before he
, can become a broker.
d. Yes - he must schedule his exam before beginning the
required coursework. - ✔✔ANSWER ✔✔-c. Yes - he must have
at least three years of experience as a Virginia salesperson
before he
can become a broker.
Daniel is a full-time member of the armed services. He is
renting a property, but just received orders to relocate to a new
base in another state for no less than two years. What actions
could he take related to his existing lease?
a. Abandon the leased property
b. Ask to be evicted from the property
c. He must fulfill the provisions of the lease
d. Use the orders to receive a military release from his lease
obligation - ✔✔ANSWER ✔✔-d. Use the orders to receive a
military release from his lease obligation
Virginia's Big Valley Brokerage was just audited and the auditor
found several instances of noncompliance. What happens next?